Oct 02, 2015
(VERO BEACH, FL) Who knew Pete Dye had designed a short course? Just one, mind you. In 1974 Dye designed a par-64 course for The Moorings Yacht & Country Club in Vero Beach. Often referred to as his "Little Gem," it stretches just 4,434 from the tips. (At 7,790, Dye’s Whistling Straits layout is nearly double the length.) And while many would appreciate a gentler Dye experience, The Moorings felt its members needed a championship-length course. When the highly regarded—and 7,015-yard—Hawk’s Nest Golf Club, just 10 minutes away, became available earlier this year, The Moorings jumped at the opportunity. Designed by Jim Fazio in 1987, Hawk’s Nest plays through natural sand dunes and is a Florida rarity with no surrounding residential homes. Yesterday, the club announced it had completed its purchase of Hawk’s Nest, including its 9-acre practice facility with 25 hitting stations. “We are thrilled to announce our acquisition of Hawks Nest. The Moorings Yacht & Country Club has long been known for excellence and high quality amenities. Adding Hawks Nest’s world class championship golf course dramatically enhances the value we can provide our members going forward,” said Joe Vargas, Moorings Club President.
Sep 30, 2015
(SCOTTSDALE, AZ) When it comes to luxury golf communities, Scottsdale has a luxury of riches. So what’s a buyer to do when trying to decide between DC Ranch and Desert Highland, Troon and Troon North, Grayhawk and Silverleaf, or Desert Mountain and Ancala? Mike Orr, Director of Real Estate Studies at Arizona State University and founder of the Cromford Report, partnered with realtors, The Matheson Team, to measure the appreciation value of eight of Scottsdale Arizona’s most popular upscale neighborhoods. Like potential buyers, they wanted to know which homeowners are sitting on the best investment, where the best place is to snap up a bargain luxury home, and ultimately, which neighborhood wins the ultimate bragging rights. As interesting as the objective results are the notations on each community. It’s great insider stuff if you’re looking at all the options in Scottsdale. We’d like to see this kind of info readily available in all the places where buyers are considering a purchase.
Sep 28, 2015
DJ’s New Digs
(PALM BEACH GARDENS, FL) Dustin Johnson shot a Sunday-best 64 to finish tied for fifth in the TOUR Championship. And while Jordan Spieth walked off with the $10 million bonus, DJ has made enough money on the TOUR this year to pay in full for his new $4.95 million waterfront home in Palm Beach Gardens. A look at the photos on Redfin shows at a glance that his new digs are pretty spectacular. The 8,200-sq. ft. home, according to the Los Angeles Times, features “a living room with double-height ceilings, an insulated wine room and a family room with custom wet bar. A master suite with a two walk-in closets is among five bedrooms and 6.5 bathrooms.” There is, of course, the requisite swimming pool with waterfall and grotto, private islet, and docking space for a sizable boat. This should serve as an adequate escape from golf for Johnson as it does not appear from the photos that there is any room on the property for a golf practice facility.
Sep 25, 2015
Buying Sight Unseen
(SEATTLE, WA) Weary of trudging through open houses or paying a real estate commission on the sale of your home? You’re not alone. A new survey finds more buyers and sellers are using unconventional methods when it comes to real estate transactions. The SurveyMonkey study found 21% of buyers said they made an offer on a home without ever seeing it in person, while 17% of homebuyers and 13% of sellers did not use a real estate agent. Like everything else these days, technology is changing the way the real estate game is played. Drone videos and 360° home tours let buyers experience how a home looks and lives without actually walking through it. Interestingly, when a home listed for more than $750,000, over half the people who bought did so sight unseen. The most common reason for not using a real estate when selling was to save money, while buyers were more likely to forgo the agent because they knew the seller personally.
Sep 23, 2015
World’s Most Expensive Home
(MUMBAI, INDIA) We mortals may blanch at the cost of some of the most luxurious homes in the highest end golf communities. But if you think millions of dollars is a lot to spend on a home, try spending a billion. Antilia, sits on Mumbai's tony Altamount Road and cost an estimated $1 billion to build. Billionaire businessman Mukesh Ambani’s home tops Insider Monkey’s list of the most expensive real estate in the world. The home, on Mumbai's tony Altamount Road, requires a staff of 600 people to maintain all of its amenities, including a 50-seat movie theatre, three helipads, two-story recreation center, nine elevators, and private Hindu temple. That oceanfront property in the Carolinas doesn't seem so steep anymore, does it?